Post: Veritone Inc Energy Business is now GridBeyond

Veritone Inc Energy Business is now GridBeyond

As part of the GridBeyond family, Veritone Energy’s industry expertise and innovative energy management solutions have been seamlessly integrated into GridBeyond’s offering to provide a comprehensive suite of energy management solutions to businesses across a range of industries.

Veritone (NASDAQ: VERI) is a leader in artificial intelligence (AI) solutions. Serving organizations in both commercial and regulated sectors, Veritone’s software, services, and industry applications simplify data management, empowering the largest and most recognizable brands in the world to run more efficiently, accelerate decision making and increase profitability. Veritone’s leading enterprise AI platform, aiWARE™, orchestrates an ever-growing ecosystem of machine learning models to transform audio, video and other data sources into actionable intelligence. Through its robust partner ecosystem and professional and managed services, Veritone develops and builds AI solutions that solve problems of today and tomorrow.

A pioneer in energy management

Veritone Inc Energy Business was founded in 2019 with a mission to help organizations capitalize on opportunities of the digital and energy transitions by leveraging the power of AI. The company rapidly gained industry recognition for its innovative approach to energy management and within a few years established its reputation as a leader in the field of market forecasting and distributed energy resource (DER) management on North America.

Veritone Energy’s proprietary software platform iDERMS, enables customers to forecast, optimize, and control energy consumption in real-time, providing insights that help reduce energy costs and carbon footprint, and improve overall operational efficiency.

Over the next several years, Veritone Inc Energy Business continued to expand its offerings, adding new features and capabilities to its platform, and forging partnerships with leading utility and energy companies around the world. The company’s growth is underpinned by its commitment to sustainability, advanced technology, and a talented team of engineers, data scientists, and energy experts. 

Explore the list below to discover the exceptional Veritone Inc Energy Business products that are now part of Gridbeyond’s integrated offerings. Each product is designed to address specific energy challenges and enhance overall performance:

• Platform: aiWARE Enterprise platform, Veritone iDERMS solution harnesses the power of AI to revolutionize today’s energy ecosystems through proprietary, intelligent, real-time energy forecasting, optimization, and control, unlocking the full potential of DERs while enhancing grid reliability in the face of the unexpected. Now integrated into GridBeyond Point Ai. VPP platform
• Forecaster: The AI-powered Forecaster allows you to accurately predict energy generation, demand, price frequency, and asset health. Now integrated into GridBeyond Ai. Services suite as ViewPoint Ai. Forecaster.
• Optimizer: The AI-powered Optimizer allows you to optimize and synchronize all of your smart grid assets for internal strategy drivers and external market opportunity in real-time. Now integrated into GridBeyond’s Ai. Services suite as part of Ai. Trade.
• Designer: iDERMS Designer used patented AI-driven algorithms to analyze years of price, load and solar generation data to optimize for a multi-sensitivity business case. Now integrated into GridBeyond Ai. Services suite as ViewPoint Ai. Designer.

Acquisition

On June 30^th, 2023, Veritone Inc Energy Business was acquired by GridBeyond, a leading provider of energy management solutions. This strategic move has resulted in the seamless integration of Veritone Energy’s AI-powered technology and energy expertise into GridBeyond’s extensive energy solutions portfolio. As a result, GridBeyond is now able to offer an even more comprehensive and powerful suite of energy intelligence tools to its global customer base.

With Veritone Energy’s solutions fully incorporated into GridBeyond’s platform, organizations worldwide can now benefit from unparalleled capabilities in achieving their sustainability objectives while optimizing energy for revenues and cost efficiencies.

Through this acquisition, GridBeyond has solidified its position as a leader in the energy management space, delivering unmatched value and innovation to its customers. The combined strengths of GridBeyond and Veritone Inc Energy Business pave the way for a sustainable and intelligent energy future.

Solutions provided by GridBeyond include:

• VPP platform: To help businesses optimize their energy use, our intelligent energy management leverages the power of AI to analyze energy data and make decisions in real-time.
• Demand response: By participating in our demand response programs, businesses can earn money by voluntarily shifting their energy usage during peak demand periods.
• Path to Net Zero: We help businesses transition to clean, renewable energy sources, reducing their reliance on fossil fuels, improving assets efficiency, monitoring energy use, and lowering their carbon footprint.
• Clean energy asset financing: We can provide CapEx free clean assets such as battery storage and electric vehicle chargers to support businesses meet sustainability commitments and gain further operational efficiencies.
• Utility-scale battery and renewables optimization: GridBeyond works with renewables asset owners, operators and developers to optimize generation assets of all sizes, to ensure maximum value per MW.
• Energy trading & CPPA: GridBeyond provides a link between generators and energy buyers to maximise asset value and deliver market reflective prices for power while supporting businesses meet sustainability goals and manage energy price risks. 

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Why Choose GridBeyond?

GridBeyond is uniquely positioned to provide full energy management services by incorporating Veritone Energy’s knowledge and cutting-edge solutions into our offering.

Join the GridBeyond Family

Please contact us if you’d like to learn more about how GridBeyond’s integrated solutions can help your business achieve sustainable energy savings. Our team is ready to assist you in taking the next step in your energy management journey. Book a call back.

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